DRDGOLD Limited (NYSE:DRD – Get Free Report) CFO Henriette Hooijer sold 22,687 shares of DRDGOLD stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total value of $55,356.28. Following the completion of the transaction, the chief financial officer directly owned 199,827 shares of the company’s stock, valued at $487,577.88. This represents a 10.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Henriette Hooijer also recently made the following trade(s):
- On Tuesday, September 1st, Henriette Hooijer sold 8,313 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $22,860.75.
DRDGOLD Price Performance
DRD opened at $24.25 on Friday. DRDGOLD Limited has a 52-week low of $19.47 and a 52-week high of $39.37. The business’s fifty day moving average is $26.20 and its 200-day moving average is $27.67.
DRDGOLD (NYSE:DRD – Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The basic materials company reported $0.83 EPS for the quarter. The company had revenue of $188.03 million during the quarter. On average, research analysts expect that DRDGOLD Limited will post 3.12 earnings per share for the current year.
DRDGOLD Announces Dividend
The company also recently disclosed a dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 11th were paid a dividend of $0.7379 per share. This represents a yield of 551.0%. The ex-dividend date was Friday, September 11th.
Hedge Funds Weigh In On DRDGOLD
Institutional investors have recently modified their holdings of the business. Kingswood Wealth Advisors LLC acquired a new position in shares of DRDGOLD during the 3rd quarter worth $224,000. Sigma Planning Corp acquired a new stake in DRDGOLD in the third quarter valued at about $199,000. Signaturefd LLC boosted its stake in DRDGOLD by 27.9% in the third quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock valued at $121,000 after buying an additional 1,086 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in DRDGOLD in the third quarter valued at about $240,000. Finally, TD Waterhouse Canada Inc. grew its position in DRDGOLD by 9.7% in the third quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company’s stock valued at $760,000 after acquiring an additional 2,780 shares during the last quarter. Institutional investors and hedge funds own 14.70% of the company’s stock.
DRDGOLD News Roundup
Here are the key news stories impacting DRDGOLD this week:
- Positive Sentiment: Analyst sentiment remains generally favorable. DRDGOLD has a consensus rating of “Moderate Buy,” with a reported average price target of $35.00, while HC Wainwright raised its target to $35 from $33. HC Wainwright analyst report
- Positive Sentiment: Several institutional investors increased their DRDGOLD positions, including Renaissance Technologies, Amundi, Sei Investments, U.S. Global Investors and Y Intercept Hong Kong. This suggests some longer-term institutional confidence, although institutions own only about 14.7% of the shares.
- Neutral Sentiment: DRDGOLD announced the vesting of long-term incentive awards and a pooled sale of 510,105 shares. Because the transaction appears connected to vested compensation awards, some of the selling may reflect automatic liquidity, tax or compensation-related activity rather than a deterioration in business expectations. DRDGOLD vesting and pooled sale announcement
- Negative Sentiment: A broad group of executives and insiders sold shares acquired or held at approximately $2.44 per share. The transactions totaled roughly 505,000 shares and $1.23 million, including sales by CEO Daniel Pretorius, CFO Henriette Hooijer and COO Jacobus Schoeman. Other insiders reduced their holdings by 50% or more; Henry Gouws cut his position by nearly 97% and Kevin Kruger by nearly 89%. The breadth of the selling creates a substantial supply overhang and may raise concerns about insider confidence. DRDGOLD insider selling report
- Negative Sentiment: The shares are trading below both their 50-day and 200-day moving averages, indicating weakened technical momentum. Investors may therefore focus more heavily on whether the insider transactions signal additional selling pressure.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on DRD shares. Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings upgraded shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Zacks Research upgraded shares of DRDGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Finally, HC Wainwright lifted their price objective on shares of DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.00.
Check Out Our Latest Research Report on DRD
DRDGOLD Company Profile
DRDGOLD Limited is a South African gold producer focused on the retreatment of surface mine waste. Rather than operating conventional underground mines, the company processes gold-bearing tailings, sand dumps and slimes dams left by historical mining activities, recovering gold and reducing the environmental footprint of legacy mine waste.
DRDGOLD’s principal operations are the Ergo and Far West Gold Recoveries (FWGR) businesses. Ergo processes surface material from areas around Johannesburg and the East Rand, while FWGR operates on the West Rand and Far West Rand.
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